Suspense Crime Sach Ka Dam
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Mumbai: Indian equities today opened with gains in IT, healthcare, banking stocks led by improving sentiment in global markets and encouraging corporate results, after which index-based recovery was washed away by HDFC Twins. Heavy selling of funds in dividend and Reliance, automobile stocks in the afternoon had entered the negative zone.
On the global front, negative factors including increase in US debt ceiling and deteriorating US-China relations and lower than expected industrial growth data in China and record youth unemployment eye key meeting, India after scorching summer with delayed start reports Monsoon had a big impact on the market today. Sensex opened 130.24 points higher at 62475.95 following selling in auto stocks, Reliance, Bharti Airtel and weakness in HDFC Twins, before ending the rally at 543.48 at one point and closing at 61847.41, down 413.24 points from its previous close. 61932.47 was closed. While the Nifty spot closed down 112.35 points at 18286.50.
Monsoon delay forecast: Volatility in auto stocks: Tata Motors, Maruti, Mahindra fall
Auto stocks gained after encouraging vehicle sales numbers and good quarterly results from automobile companies, amid reports of delayed monsoon and Tesla’s preparations for a massive foray into India amid fears of stiff competition from other auto majors. Auto stocks sold off today. Tata Motors declined by Rs 9.75 to Rs 521.05, Mahindra & Mahindra by Rs 23.35 to Rs 1262.50, Uno Minda by Rs 8.80 to Rs 554, Maruti Suzuki by Rs 131.30 to Rs 9071.95. Bosch fell by Rs 187.40 to Rs 19,049, Eicher Motors by Rs 27.50 to Rs 3630.85, Bajaj Auto by Rs 32.55 to Rs 4534.05. The BSE Auto index closed at 31932.22, down 311.61 points.
HDFC shares fall on ex-dividend: Good results lift BOB: AU Bank to new high
Banking-finance stocks saw a mixed trend today. Funds booked profits in some stocks after opening up. HDFC Bank and HDFC Ltd slashed ex-dividend. HDFC Bank declined by Rs 29.45 to Rs 1646.75. Kotak Bank declined by Rs 28.20 to Rs 1944.85. While AU Small Finance Bank touched a 52-week high of Rs 736.85 and closed Rs 11.70 lower at Rs 728.65, Bank of Baroda doubled profit by Rs 2.55 to Rs 186.35, State Bank of India The profit increased by Rs 4.30 to Rs 728.65. Rs.586.20. Ugro Capital declined by Rs 14.30 to Rs 192, JM Financial declined by Rs 2.12 to Rs 64.18, HDFC Ltd declined by Rs 61.45 to Rs 2722.60.
Hudco, Care Ratings, PB Fintech, Ujjivan Fi, Star Health, LIC Housing gain.
Financial stocks among others were the favorite attractions. HUDCO rose by Rs 3.71 to Rs 58.64, Care Ratings by Rs 31.85 to Rs 693.45, PB Fintech by Rs 27.50 to Rs 624.60, Ujjivan Financial by Rs 12.10 to Rs 333.25, LIC Housing Finance by Rs 13.25 to Rs 395.10, Star Health by Rs 20.95. Rs 624.60, New India Assurance rose by Rs 3.75 to Rs 119.15.
Selective buying of funds in IT stocks: Sonata rises by Rs 70 to Rs 954: Birlasoft, Mastek up
IT-Software Services, Technology stocks remained the fund’s pick today. Sonata rose by Rs 70.40 to Rs 953.65, Birlasoft by Rs 19.65 to Rs 328.35, D-Link India by Rs 5.80 to Rs 241.85, Mastec by Rs 31.20 to Rs 1782, Koforge rose by Rs 72.70 to Rs 4204.10, Tata Elxsi by Rs 78.05 fast with Rs 7112.55, Imudra up by Rs 1.60 to Rs 341.45, Persistent by Rs 28.05, Infosys by Rs 4720.30 and Infosys by Rs 5.40 to Rs 1264.15.
Indian Oil Corp, BPCL, ONGC rise on tax cut windfall gains: Reliance falls
Funds in oil marketing PSU shares were bullish today on reports of reduction in windfall tax on crude oil to zero. Indian Oil Corp rose by Rs 2.79 to Rs 87, BPCL rose by Rs 5.30 to Rs 362.30, ONGC by Rs 2.35 to Rs 167.95, Gujarat Gas by Rs 3.75 to Rs 486. 30 remaining. While Reliance Industries declined by Rs 34.30 to close at Rs 2453.85, Adani Total Gas declined by Rs 38.85 to close at Rs 738.60.
Funds, players, small, midcap, cash stocks on the rise in profit booking: 1772 stocks closed negative
Sensex, Nifty based jitters after opening rally, funds, small, mid cap, cash stocks of players also sold profit after early buying, market breadth turned positive to negative. Out of total 3659 scrips traded on BSE, 1757 were gainers and 1772 were decliners.
FPI/FII net buy Rs 1407 cr : DII net sell Rs 886 cr
Foreign portfolio investors (FPIs), foreign institutional investors (FIIs) made net purchases of shares worth Rs 1406.86 crore in the cash segment today-Tuesday. Total sales were Rs 6376.30 crore against total purchases of Rs 7783.16 crore. While DII-Domestic Institutional Investors net sales stood at Rs 886.17 crore. Total sales were Rs 7024.78 crore against total purchases of Rs 6138.61 crore.
